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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Starcore International Mines Ltd. is a Canada-based company, which is engaged in exploring, extracting, and processing gold and silver. The Company through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. It is also engaged in acquiring mining related operating assets and exploration assets in North America. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico. Its Toiyabe Gold Project is located in Lander County, Nevada, United States.


TSX:SAM - Post by User

Comment by lawnmoredanon Mar 18, 2007 2:13am
287 Views
Post# 12438715

RE: waiting for news

RE: waiting for news1st off we payed dearly for this deal,that said and done. Sam should have made or will make a shipment monthly to Goldcorp somewhere over 1000oz hedged at $730.00 an oz.Now thats got to start helping there bottomline.Lack of news is an issue here and has been in the past.News is the money pump.They did mention they would need to raise more money for production improvements,but one would hope they would wait till the shareprice is higher.This one is deifying logic for me,so I lighted up my holdings awhile back,I now will be patient to see whats next. The Warrants include an early expiry feature which may be triggered should the common shares close above $2.50 over a minimum period of forty-five calendar days. 22,173,200 of the Common Shares are subject to a hold period expiring May 19, 2007.
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